Craggs Appraisal Services, LTD is the company you should trust when you need appraisals for foreclosures in Champaign, IllinoisHomes that have reverted to the institution's ownership and homes in foreclosure bring forth particular appraisal difficulties.
When dealing with a house in foreclosure, you need to recognize market value versus a "quick disposition" price to evaluate your probable charge-off liability. Craggs Appraisal Services, LTD has the knowledge in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of homes in foreclosure, naturally, can present special challenges. They might be unwilling to allow the appraiser access to the house. Sometimes the houses show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's common to find the families have moved out or the home neglected for extended periods of time.
For real estate that has returned to bank owned, you most likely will be going for an expeditious disposition. Regardless, you'll still want to consider three angles for looking at the value of the subject property: